International Beat

Europe’s Big Deal

Danish pension fund PFA has acquired the multiproperty Century portfolio for a gross investment volume of more than 1 billion euros from Frankfurt-based Industria Wohnen. PFA’s partner and asset manager is Munich-based Domicil Real Estate Group. The portfolio includes one commercial building and 33 residential properties with a total of more than 3,700 residential units, spread over 15 locations in Germany. About two-thirds of the apartments are in metropolitan areas such as Berlin, Munich, Hamburg, the Rhineland, and the Rhine-Neckar region.

First Coffee, Then Shopping

The coffee and restaurant category led global retail expansion in 2017. 

Source: CBRE: How Global Is the Business of Retail?

Going Green at Work

Canadian and Australian cities are out in front when it comes to percentage of green office buildings.  

Source: CBRE, International Green Building Adoption Index

Global Markets to Watch

The 2020 Tokyo Olympics spurred construction of real estate projects and infrastructure improvements in Japan’s capital city. Tokyo real estate guide REthink Tokyo points to five areas of the city that are undergoing extensive redevelopment projects — Toranomon-Azabudai; around Tokyo Station; Shibuya; Shinjuku; and the new Yamanote Line station.

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CIRE November/December 2018 Cover